Beyond KYC.
«eyond Software

KYC providers don't always make you AML compliant!

Most of the KYC providers cover only customer onboarding and watchlist screening. However, this is only a small part of your compliance duty. You also need to implement KYT transaction monitoring and reporting tools, draft relevant AML procedures, and install internal audit functions.

AML consultants often have no connection to the real world

Most legal firms and AML consultants use a standard sample of AML policies for every type of business, without paying attention to the business model, strategy, and implemented technical tools.

In-house officers need years to build solid AML culture and controls

It takes more than 800 hours for an in-house compliance officer to perform risk assessment, to create AML culture and controls, to calibrate disparate customer onboarding and transaction monitoring systems, all the while dealing with piles of unstructured manual data.